Critical Contingency Ongoing Costs

Regulations 17 through 19 of the Contingency Management Regulations provide for ongoing fees to be paid by wholesale purchasers of gas on a monthly basis to meet the critical contingency ongoing costs. The critical contingency ongoing costs are the costs:

• payable by Gas Industry Co to the critical contingency operator in respect of that year; and
• payable to any person appointed by Gas Industry Co to carry out any obligations under the Contingency Management Regulations in respect of that year; and
• of Gas Industry Co associated with critical contingency management and its obligations under the Contingency Management Regulations during that year.

Gas Industry Co has determined that the critical contingency ongoing costs should exclude any overhead costs or policy work resulting from operational activities under the Contingency Management Regulations. Any such work is to be funded from the Gas Industry Co Levy. The critical contingency ongoing costs therefore only relate to other direct external costs in connection with Gas Industry Co administering the Contingency Management Regulations.

For each year following the first year or part year of operation, Gas Industry Co must estimate and publish a breakdown of the estimated critical contingency ongoing costs for that year.

Estimated ongoing costs for FY2013 (1 July 2012 to 30 June 2013)

Estimated ongoing costs for FY2012 (1 July 2011 to 30 June 2012)

Ongoing costs for FY2011 (1 July 2010 to 30 June 2011)